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Industrial Logistics Properties Trust（ILPT）与IMPINJ INC（PI）财务数据对比。点击上方公司名可切换其他公司
Industrial Logistics Properties Trust的季度营收约是IMPINJ INC的1.5倍（$113.9M vs $74.3M），IMPINJ INC净利率更高（11.2% vs -1.6%，领先12.8%），Industrial Logistics Properties Trust同比增速更快（3.1% vs -0.0%），Industrial Logistics Properties Trust自由现金流更多（$42.0M vs $2.2M），过去两年Industrial Logistics Properties Trust的营收复合增速更高（0.7% vs -14.9%）
Industrial Logistics Properties Trust是一家专注于工业与物流地产的房地产投资信托，主要在美国境内持有及运营配送中心、仓储设施与最后一公里配送物业，为电商、零售、制造及供应链运营企业提供仓储及物流运营相关配套服务。
Impinj Inc.是一家美国射频识别（RFID）设备及软件提供商，成立于2000年，总部位于华盛顿州西雅图，源自加州理工学院Carver Mead与Chris Diorio的研究成果。公司主营EPC Class 1 Gen 2无源超高频RFID芯片、读写器、读写器芯片、天线，以及芯片编码、业务数据采集相关的软件应用，为各行业RFID应用提供全链路产品支持。
ILPT vs PI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $113.9M | $74.3M |
| 净利润 | $-1.8M | $8.3M |
| 毛利率 | — | 49.1% |
| 营业利润率 | -22.1% | 30.5% |
| 净利率 | -1.6% | 11.2% |
| 营收同比 | 3.1% | -0.0% |
| 净利润同比 | 92.6% | — |
| 每股收益（稀释后） | $-0.02 | $0.14 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q1 26 | — | $74.3M | ||
| Q4 25 | $113.9M | $92.8M | ||
| Q3 25 | $110.9M | $96.1M | ||
| Q2 25 | $112.1M | $97.9M | ||
| Q1 25 | $111.9M | $74.3M | ||
| Q4 24 | $110.5M | $91.6M | ||
| Q3 24 | $108.9M | $95.2M | ||
| Q2 24 | $110.6M | $102.5M |
| Q1 26 | — | $8.3M | ||
| Q4 25 | $-1.8M | $-1.1M | ||
| Q3 25 | $-21.6M | $-12.8M | ||
| Q2 25 | $-21.3M | $11.6M | ||
| Q1 25 | $-21.5M | $-8.5M | ||
| Q4 24 | $-24.1M | $-2.7M | ||
| Q3 24 | $-25.0M | $221.0K | ||
| Q2 24 | $-23.2M | $10.0M |
| Q1 26 | — | 49.1% | ||
| Q4 25 | — | 51.8% | ||
| Q3 25 | — | 50.3% | ||
| Q2 25 | — | 57.8% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.5% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 56.1% |
| Q1 26 | — | 30.5% | ||
| Q4 25 | -22.1% | -2.9% | ||
| Q3 25 | -29.4% | 0.7% | ||
| Q2 25 | -30.8% | 11.1% | ||
| Q1 25 | -26.9% | -12.9% | ||
| Q4 24 | -31.1% | -3.9% | ||
| Q3 24 | -33.5% | -0.8% | ||
| Q2 24 | -32.4% | 8.8% |
| Q1 26 | — | 11.2% | ||
| Q4 25 | -1.6% | -1.2% | ||
| Q3 25 | -19.4% | -13.3% | ||
| Q2 25 | -19.0% | 11.8% | ||
| Q1 25 | -19.2% | -11.4% | ||
| Q4 24 | -21.8% | -2.9% | ||
| Q3 24 | -22.9% | 0.2% | ||
| Q2 24 | -20.9% | 9.7% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.02 | $-0.02 | ||
| Q3 25 | $-0.33 | $-0.44 | ||
| Q2 25 | $-0.32 | $0.39 | ||
| Q1 25 | $-0.33 | $-0.30 | ||
| Q4 24 | $-0.37 | $-0.06 | ||
| Q3 24 | $-0.38 | $0.01 | ||
| Q2 24 | $-0.35 | $0.34 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $94.8M | $131.8M |
| 总债务越低越好 | $4.2B | $241.5M |
| 股东权益账面价值 | $489.7M | — |
| 总资产 | $5.2B | $502.5M |
| 负债/权益比越低杠杆越低 | 8.56× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $131.8M | ||
| Q4 25 | $94.8M | $175.3M | ||
| Q3 25 | $83.2M | $190.1M | ||
| Q2 25 | $58.6M | $193.2M | ||
| Q1 25 | $108.0M | $147.9M | ||
| Q4 24 | $131.7M | $164.7M | ||
| Q3 24 | $153.9M | $170.3M | ||
| Q2 24 | $146.2M | $220.2M |
| Q1 26 | — | $241.5M | ||
| Q4 25 | $4.2B | $280.9M | ||
| Q3 25 | $4.2B | $280.4M | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | $283.5M | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.3B | — |
| Q1 26 | — | — | ||
| Q4 25 | $489.7M | $209.2M | ||
| Q3 25 | $494.1M | $195.0M | ||
| Q2 25 | $519.1M | $187.7M | ||
| Q1 25 | $539.5M | $160.6M | ||
| Q4 24 | $562.0M | $149.9M | ||
| Q3 24 | $585.9M | $136.1M | ||
| Q2 24 | $618.3M | $117.0M |
| Q1 26 | — | $502.5M | ||
| Q4 25 | $5.2B | $545.2M | ||
| Q3 25 | $5.2B | $516.5M | ||
| Q2 25 | $5.2B | $508.8M | ||
| Q1 25 | $5.4B | $479.8M | ||
| Q4 24 | $5.4B | $489.1M | ||
| Q3 24 | $5.5B | $476.4M | ||
| Q2 24 | $5.5B | $446.1M |
| Q1 26 | — | — | ||
| Q4 25 | 8.56× | 1.34× | ||
| Q3 25 | 8.49× | 1.44× | ||
| Q2 25 | 8.09× | — | ||
| Q1 25 | 7.96× | — | ||
| Q4 24 | 7.65× | 1.89× | ||
| Q3 24 | 7.35× | — | ||
| Q2 24 | 6.96× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $60.7M | — |
| 自由现金流经营现金流 - 资本支出 | $42.0M | $2.2M |
| 自由现金流率自由现金流/营收 | 36.9% | 3.0% |
| 资本支出强度资本支出/营收 | 16.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $79.8M | $61.1M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $60.7M | $15.1M | ||
| Q3 25 | $22.7M | $20.9M | ||
| Q2 25 | $18.4M | $33.9M | ||
| Q1 25 | $11.4M | $-11.1M | ||
| Q4 24 | $2.0M | $12.6M | ||
| Q3 24 | $-3.4M | $10.1M | ||
| Q2 24 | $10.8M | $45.5M |
| Q1 26 | — | $2.2M | ||
| Q4 25 | $42.0M | $13.6M | ||
| Q3 25 | $17.6M | $18.0M | ||
| Q2 25 | $15.2M | $27.3M | ||
| Q1 25 | $5.0M | $-13.0M | ||
| Q4 24 | $-3.7M | $8.5M | ||
| Q3 24 | $-5.9M | $4.7M | ||
| Q2 24 | $9.4M | $44.1M |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 36.9% | 14.7% | ||
| Q3 25 | 15.9% | 18.7% | ||
| Q2 25 | 13.5% | 27.9% | ||
| Q1 25 | 4.5% | -17.5% | ||
| Q4 24 | -3.4% | 9.3% | ||
| Q3 24 | -5.5% | 4.9% | ||
| Q2 24 | 8.5% | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 16.4% | 1.6% | ||
| Q3 25 | 4.6% | 3.1% | ||
| Q2 25 | 2.9% | 6.7% | ||
| Q1 25 | 5.7% | 2.5% | ||
| Q4 24 | 5.2% | 4.5% | ||
| Q3 24 | 2.3% | 5.7% | ||
| Q2 24 | 1.3% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 45.56× | ||
| Q2 24 | — | 4.56× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
